- 📈 Gas Stocks Surge: Gas stocks gained between 0.5% and 5% on March 24, 2025, driven by expectations of a regulatory boost and an open house discussion scheduled for mid-April.
- 💹 Top Gainers:
- GAIL led the rally with a 5.27% rise.
- IGL followed with a 3.48% increase, and Petronet LNG rose 1.54%.
- 📉 Laggard: Hindustan Petroleum (HINDPETRO) was the only stock to dip, down by 0.42%.
- 🏢 Analyst Views:
- Morgan Stanley forecasts gains for long-haul gas transporters and upstream producers, but city gas players and Petronet LNG may only see normal returns.
- CLSA sees opex relief for city gas players.
- 🔄 Regulatory Impact:
- PNGRB tariff changes under review, with gas pipeline transmission companies set to benefit from four proposed tariff changes.
- While consumers may face higher costs due to increased pipeline tariffs, consumers over longer distances may still experience lower costs.
- 🏆 Key Beneficiaries: GAIL India, Oil India, Reliance Industries, and Gujarat State Petronet are expected to benefit the most from the regulatory changes.
